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At December 31, 2022, the following information (in thousands) was available for Pina Colada Inc.: ending inventory $22,200; beginning inventory $21,100; cost of goods sold
At December 31, 2022, the following information (in thousands) was available for Pina Colada Inc.: ending inventory $22,200; beginning inventory $21,100; cost of goods sold $173,200, and sales revenue $425,000. Calculate the inventory turnover and days in inventory for Pina Colada. (Round answers to 1 decimal places, eg. 15.2. Use 365 days for calculation.) Inventory turnover times Days in inventory days
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